Earticle

This paper aims to analyze the export structure of Gwangju Metropolitan City emplying the CMS model, which is very popular method of measuring the export performance of a particular region. Exports occupy special attention in the economic literature and practice due to their critical contribution to the economic stability, long-term development and growth of any economy. Export performance is pivotal to have positive economic effects on any particular economy like Gwangju city. A region’s export performance is influenced by variety of domestic as well as international factors such as growth of world demand, changes in the commodity composition of exports, changes in market distribution of exports and changes in competitiveness of exports. This paper reveals that Chinese import demand promotes the Gwangju’s exports to China for HS85, but discourages its exports to China for HS84, HS39 and HS90. The commodity composition effect affects Gwangju’s exports to China positively for HS85, but does not do for HS84, HS39 and HS90. Chinese import demand promotes the Gwangju’s exports to China for HS85, but discourages its exports to China for HS84, HS39 and HS90. For China the commodity composition effect affects Gwangju’s exports to China positively for HS85, but does not do for HS84, HS39 and HS90. This study also shows that the effect of the U.S. import demand for HS87 and HS40 is positive, but its effect is negative for HS84 and HS85. For the U.S. the commodity composition effect has a negative effect for HS87 and HS40, but has a positive effect for HS84 and HS85.